Peterborough chairman Darragh MacAnthony is committed to getting the club back up into the Championship as soon as possible. Posh were relegated to League One following the 2-2 draw at Barnsley earlier this month but MacAnthony, who recently appointed Gary Johnson as the new manager at London Road, insists the fans have no need to worry despite admitting the club's debt has risen.

"Most importantly I am and remain committed to Peterborough United Football Club," MacAnthony said in a statement on the club's official website. "After two successful seasons this current season has been awful for everyone at the club and for you as supporters. Some say two out of three isn't bad but for me it is. I am going to ensure we correct the situation.

"There was a report in a newspaper that said the club's debt has risen. The answer is yes, it has risen, because I have put more of my own money into the club!

"We even donated our shirt sponsorship to local charities for the second half of the season and turned down a multi-thousand pound sponsorship deal to do so. Let me once more assure our fans I will be doing everything in my power to help push the manager and the team back to the Championship next season.

"We are on a firm footing and I now believe we have a manager that can steer us to continued success on the field."